https://www.taxtmi.com/caselaws?id=23708 Trust property settled for the benefit of deities is assessable in the hands of the trustees under the Wealth-tax Act, 1957, because section 21 governs taxation of trust assets and the tribunal's contrary view was rejected as inconsistent with the statutory scheme and Supreme Court authority. The text also states that deities are treated as persons and individuals for the relevant tax purpose, so section 3 applies to them and the earlier objection that a deity could not fall within that provision was not accepted. On that basis, the assessee's contention that the Wealth-tax Act did not apply to the deities was rejected. en-us Wed, 16 Aug 1989 00:00:00 +0530 Wed, 23 Dec 2009 16:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23708 Trust property settled for the benefit of deities is assessable in the hands of the trustees under the Wealth-tax Act, 1957, because section 21 governs taxation of trust assets and the tribunal's contrary view was rejected as inconsistent with the statutory scheme and Supreme Court authority. The text also states that deities are treated as persons and individuals for the relevant tax purpose, so section 3 applies to them and the earlier objection that a deity could not fall within that provision was not accepted. On that basis, the assessee's contention that the Wealth-tax Act did not apply to the deities was rejected. Case-Laws Wealth-tax Wed, 16 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23708